SAO PAULO, Brazil (DTN) -- Forward sales of Brazil's 2013-14 soybean crop have been extremely sluggish amid the massive uncertainties surrounding the upcoming season.
Farmers have only committed about 5% of their projected 2013-14 soybean crop compared with nearly 40% at the same time last year, according to Fernando Muraro of the AgRural grains consultancy.
"A lot of decisions have yet to be made about the 2013-14 crop," the analyst told a farm conference in Sao Paulo.
The principle question is whether farmers will make any money out of planting soybeans next year.
Margins have been extremely healthy for the ...